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20100903
20100903
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would be right. that's wrong. we don't have anymore money to spend. a lot of us don't have jobs anymore. this is a much deeper structural problem than obama is willing to accept. that's the number one problem. that's why we haven't had the recovery. joining us to explain it further is former secretary of labor under president clinton, robert rush. he's also chancellor of public policy at berkeley. his book "aftershock" the next economy in america's future will be out in september. secretary rush, do i have that roughly right? we have a confused crisis of confidence with a deep-seeded structural problem in the country? >> i think there is a deep-seeded structural problem. it's not just the business cycle. most people looking at this deep recession, this deep depression have said if you just get businesses and consumers to spend more, we'll be back up to where we should be, but there are deeper problems we are not addre addressing. >> let's talk about the problems. what caused the structural damage in the first place? >> for one people, people have fot had wage increases. if they do have
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